Corker said negotiations were on "the 5-yard line" and blamed politics, including the healthcare debate, for complicating the talks.

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"There is no question that White House politics and healthcare have kept us from getting to the goal line," Corker said in a press conference.

Corker specifically blamed plans by the White House and Democrats to move healthcare through the Senate before the Easter break with the use of controversial budget reconciliation rules that would prevent the GOP from filibustering the bill.

Dodd and Corker had spent weeks trying to hammer out an
agreement on financial regulations, including new consumer protections for
financial products.

"We have made significant progress and resolved many of the items, but a
few outstanding issues remain," Dodd said in a statement.

In addition to consumer protections, Corker said another key sticking point remains regulation of financial derivatives.

Dodd said that he continues to pursue a bipartisan "consensus"
package, but he believes pushing forward to committee debate is "the best
course of action to achieve that end."

“I have been fortunate to have a strong partner in Sen.
Corker, and my new proposal will reflect his input and the good work done by
many of our colleagues as well," Dodd said. “Our talks will continue, and
it is still our hope to come to agreement on a strong bill all of the Senate
can be proud to support very soon.

"In fairness, I think what was happening was members on the left were getting very nervous about what they were reading."

Corker said he expects
Dodd to unveil a bill that is to the left of where negotiations stood
at the end.